4035 Inglewood Blvd
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4035 Inglewood Blvd
6 Unit Apartment Building $3,000,000 ($500,000/Unit) 3.32% Cap Rate Los Angeles, CA 90066
Executive Summary
Keller Williams Realty and Everyday Real Estate Inc. are pleased to offer this exclusive, bread and butter, prime Mar Vista 8-unit (two non- confirming) property. The property boasts a favorable unit mix of two 0+1, one 1+1, three 2+1, one 2+2, and one 3+2. Half of the units are fully furnished and operating on month-to-month leases. Huge upside potential to renovate and increase rents as four furnished units can be delivered vacant. (0+1, 1+1, 2+1, 2+2) Complete retrofit plans are included with an ADU option (new 2+1 unit) which will be provided at COE. This is projected to increase revenue by $28.8K per year. (Work not started, ADU and Retrofit plans cost $34K so far. Permit not yet pulled) Property is master metered for water, has 6 parking spaces and laundry room onsite with leased washer and dryer. Great Westside location south of Washington Place and West of Centinela. Walking distance to shopping, markets, banks, gyms, restaurants, a bowling alley, and a coffee shop. Located in the heart of the Mar Vista submarket in Los Angeles just minutes away from all that the area has to offer. The neighborhood boasts a blend of residential charm and urban convenience, making it an attractive location for potential renters.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Furnished Units Available
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 6 | - | - |
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Walk Score ®
Very Walkable (78)
Bike Score ®
Biker's Paradise (90)
PROPERTY TAXES
Parcel Number | 4232-029-023 | Improvements Assessment | $362,577 |
Land Assessment | $890,261 | Total Assessment | $1,252,838 |
PROPERTY TAXES
Parcel Number
4232-029-023
Land Assessment
$890,261
Improvements Assessment
$362,577
Total Assessment
$1,252,838
zoning
Zoning Code | LAR3 (Multiple Family Residential) |
LAR3 (Multiple Family Residential) |
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4035 Inglewood Blvd
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